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in Longview, TX 75601, US

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Location: Longview, TX 75601, US
Category: Announcement/Legals - Legal Notices
Posted: 05/02/2021

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INVITATION TO BID FOR FINANCING FIRE STATION CONSTRUCTION Harrison County Emergency Services District No. 1 (“ESD #1”), is requesting a Tax Exempt Bank Qualified (“TEBQ”) loan proposal based on a uniform structure for the purpose of financing the construction of a fire station on Lawrence Road. The collateral for the loan can be a lien on the Ad Valorem Tax Revenue of the ESD on an annual basis, or based on the physical property (real estate). Any variations of required collateral may also be taken into consideration and offered by any lending institution. All financial institutions participating in the process will base their proposal on the same specifications. •Loan Amount Requested: $520,000 •Term of either 10 or 15 years •Fixed or Variable interest rate, fixed rate being preferred •Annual payments of principal and interest due in March of each year •No prepayment penalty after year 3 •If rate proposed is variable please include maximum interest rate increase at the first two renewal periods •Include any fees/costs (loan origination) to ESD #1, outside of annual interest •Include amortization schedule table for each proposal •ESD #1 is a political subdivision authorized by the State of Texas and therefore is eligible for TEBQ financing •ESD #1 will provide financial statements as requested We look forward to your potential participation in this process to help ESD #1 and the West Harrison VFD further its mission to provide improved emergency services for our taxpayers. Any proposals shall be sealed in an envelope marked “Sealed Bid-Loan” and mailed or delivered to Harrison County ESD 1 c/o West Harrison Volunteer Fire Dept., 2656 South Access Road, Longview, Texas 75602, by 5:00PM on Monday, May 17. 2021. The bids will be opened and read immediately after 5:00PM on the same date. On Wednesday, May 19th, 2021 at 5:30 PM, ESD #1 will meet in open session at the same address and may accept a winning bid or reject all bids.
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